lending limit

BREAKING: HECM Lending Limit Increased

Shannon Hicks
 HECM lending limits increased for the 4th consecutive year Tuesday, December 3rd FHA released Mortgagee Letter 2019-20 announcing the new maximum claim amount (or lending limit) for Home Equity Conversion Mortgages. The new limit of $765.600 is in effect for the calendar year 2020 and represents a nearly $39,000

Loan Limits: A ‘What If” Scenario

Shannon Hicks
The potential removal of the HECM’s national loan limit presents disparities in neighboring counties The updated Housing Finance Reform Plan is ambitious in both its scope and impact on the housing industry and more particularly reverse mortgage industry participants. One of the proposed changes to the HECM (Home Equity Conversion

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